Canton, Fulton County, Illinois Property Taxes
Property Taxes in Canton, Illinois
Median Canton, Illinois effective property tax rate: 2.70%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Canton, Illinois home value: $78,378
Median annual Canton, Illinois tax bill: $2,047, $353 lower than the national median property tax bill of $2,400.
How are property taxes in Fulton calculated?
Property taxes in Canton, Illinois are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Canton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Canton, Fulton County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.7%
Estimate Property Tax Bill
$2,116
$1,964
How Does the Canton Property Tax Calculator Work?
Use this Canton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Canton’s median effective tax rate of 2.70% — based on actual property records in Fulton County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Canton’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Canton: rates range from 2.70% in 61520 to 2.70% in 61520, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Canton. Canton’s median property tax bill is $2,047, which is lower than the Illinois median tax bill by $353 and higher than the national median property tax rate of 1.02%.
About Canton Property Taxes
About Property Taxes in Canton, Fulton, Illinois
Canton’s median effective property tax rate of 2.70% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Fulton County levy combined with local taxing districts that shape what homeowners pay across the city.
Property tax rates are not uniform across Canton. Homeowners in ZIP code 61520 carry a median effective rate of 2.70%, while those in the same ZIP code also pay 2.70%. This means there is no spread across the city, but the rate is still well above the national median and can lead to a meaningful annual tax bill.
Canton homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Canton, Fulton County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Canton's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Canton Tax Rate
2.70%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fulton County Tax Rate
2.65%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canton, Fulton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61520 | 1.54% | 2.21% | 2.70% | 3.16% | 3.48% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Fulton County, Illinois
When examining property taxes in Canton, Illinois, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fulton County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Fulton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Canton.
For example, the median home price in Canton is $78,378, with tax bills ranging significantly across the county. 61520 has the highest median home price at $78,378.
Property Tax Assessment Values Across Canton, Fulton County, Illinois
Source: Ownwell
$27,988
$70,188
$112,388
Median Canton Market Value
$78,378
Median Fulton County Market Value
$72,042
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canton, Fulton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61520 | $34,745 | $55,196 | $78,378 | $115,736 | $159,760 |
Source: Ownwell
Property Tax Bills Across Canton, Fulton County, Illinois
How are property tax bills calculated in Canton?
Property tax bills in Canton are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value to determine the final bill, so changes in home value, exemptions, and local levy decisions can all affect what a homeowner owes.
For a home with a median value of $78,378, the property tax bill can vary widely. The 25th percentile bill is $1,279, while the 75th percentile bill is $3,098 and the 90th percentile reaches $4,415. The median tax bill in the area is $2,047, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
These differences matter because even similar homes can be taxed differently depending on assessment details and local rates. For homeowners, that means a higher assessed value can lead to a larger bill, while a lower or corrected assessment can reduce it.
Median Canton Tax Bill
$2,047
Median Fulton County Tax Bill
$1,787
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Canton, Fulton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61520 | $672 | $1,279 | $2,047 | $3,098 | $4,415 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Fulton Tax Assessor | |
| Website | fultonil.devnetwedge.com |